Royal Dutch Shell has already begun evacuating employees from offshore platforms in preparation for the hurricane.
Over the past week, Brent price increased by 0.4%, WTI – by 0.6%.
API data showed a less significant-than-expected decline in US oil stocks last week.
Currently, the oil stain covers about 16 kilometres of water area.
The US will provide oil to support the market after Hurricane Ida.
OPEC+ kept its plan to increase oil production by 400 thousand barrels per day per month.
The situation with oil prices has not demonstrated stability over the past 4 months.
Over the past week, world oil quotations have experienced serious volatility.
After trading on September 16, the futures of benchmark oil, Brent and WTI increased by 12.4% and 14.7% respectively
U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018.